Central banks are increasing gold reserves and seeking non-frozen assets due to geopolitical risks, such as the freezing of Russian reserves.
4 reports, 4 independent
Updated Sep 11
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What happened
Central banks are increasing gold reserves and seeking non-frozen assets due to geopolitical risks, such as the freezing of Russian reserves.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Analysts are commenting on the freezing of Russian foreign reserves amid global asset shifts.1 source
China's heavy gold buying and India's repatriation highlight central banks' shift away from traditional safe havens.1 source
- Central bank gold purchases are being driven by the ongoing Russia-Ukraine war.Sub-event
Central banks are increasing gold reserves in response to geopolitical risks and frozen assets.1 source
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The entities involved
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European Central Bank
central bank of the European Union and the eurozone
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gold
chemical element with symbol Au and atomic number 79